here is a zoomed out look at the possible paths btc could take right now. Either a break up out of the current bull flag which would hoist us up out of the ascending wedge pattern we are currently stuck in...or a potential break downward from the bull flag which would very likely trigger a breakdown from the ascending wedge taking us all the way down under the grey ascending trendline. Probability is pretty even for each outcome so now we wait carefully for the btc to break consolidation and make sure not to fall for any bear traps or bul traps before hand. Patience grasshoppers.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.